APM Pricefinder preliminary auction clearance results once again confirms the appetite for property, especially in Sydney. Nationally the clearance rate was 79% on 1,595 listings, compared with 74.5% on 1,610 last week. A year ago it was 68.9% on 2,089. Again we see higher clearances on lower volumes, but sales are being closed.
Sydney hit 85.1%, the highest across the country on 567 listings, whilst Melbourne continues to have more property listed but a lower clearance rate. Adelaide cleared 78% of 62 listed and Brisbane cleared 49% of 107 listed. Canberra results are still to come in.
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